One SoHo Square
An office property in New York, New York. Securitized in 1 CMBS deal in 2021.
$1.35BAppraised value (latest deal)
92.5%Occupancy
$63.9MUnderwritten NOI
4.7%Implied cap rate
- Address
- 161 Avenue of the Americas and 233 Spring Street, New York, NY 10013
- Property type
- Office · CBD
- Year built
- 1904-1926
- Size
- 786,891 SF
- Sponsor
- The Gluck Family Trust
- Loan purpose
- Refinance
- Largest tenant
- Flatiron Health
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2021-L7 | 2021-10-13 | $1.35B | 92.5% | $63.9M | 4.7% | $51.8M | 34.8% | 4.88x | 424B |
Historical NOI reported in MSC 2021-L7
| Period ending | NOI |
|---|---|
| 4/30/2021 | $51.4M |
| 12/31/2020 | $47.0M |
| 12/31/2019 | $25.0M |
More CMBS properties in New York →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.